Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Binance+0.104%7-day average +0.002% · you sell dearer than you buy

to open and close $10k−$33fees + slippage, both legs, in and out

costs, in % of the position0.331%what the two incomes have to cover

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.104%, 7d avg +0.002%

Together, before fees−0.020%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.101% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2427	0.0100	pay 0.0100% / 8h	4h 37m	$101.0M	$344.2M	75x
Short	Aster ADAUSDT	0.2430	0.0100	get 0.0100% / 8h	4h 37m	$1.1M	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee AsterbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.002%: $10.14
Slippage, 4 orders: −$15.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.93
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Aster: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	2.06 bp	7.1 bp −$7	9.6 bp −$96	23.2 bp −$2,321	89.5 bp −$44.7K
Sell Aster live order book, 3 min ago	4.11 bp	8.5 bp −$9	22.3 bp −$223	doesn't fit	doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ADA/USDC PERP	−0.0071%	1h	0.2441	+0.574%	$838	$97K	12x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2431	+0.146%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2429	+0.080%	$113K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2429	+0.074%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2430	+0.121%	$465K	$6.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0079%	1h	0.2429	+0.096%	$474K	$368K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2428	+0.047%	$2.4M	$1.2M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2430	+0.109%	$42.3M	$13.8M	10x	as long as short
Aster ADAUSDTshort	+0.0100%	8h	0.2430	+0.104%	$1.1M	$1.0M	75x
Pacifica ADA	+0.0100%	1h	0.2430	+0.129%	$155K	$148K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDTlong	+0.0100%	8h	0.2427	long leg	$101.0M	$344.2M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2425	−0.085%	$70.3M	$98.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2426	−0.044%	$32.2M	$102.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2428	+0.039%	$95.8M	$56.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2429	+0.080%	$52.2M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2430	+0.121%	$30.4M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2429	+0.080%	$64.2M	$41.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2429	+0.080%	—	$18.9M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2433	+0.228%	$100K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2431	+0.179%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2433	+0.236%	$64K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2431	+0.163%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2432	+0.204%	$228K	$460K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2429	+0.076%	$93K	$730K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2429	+0.080%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2430	+0.113%	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2431	+0.161%	$9K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2429	+0.059%	$334	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2429	+0.070%	$1.3M	$4.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2427	−0.002%	$47.2M	$5.2M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2430	+0.140%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2427	+0.011%	$587K	$1.8M	50x	as long as short
Phoenix ADA	+0.0197%	1h	0.2432	+0.183%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2428	+0.039%	$4.4M	$4.9M	75x	as long as short
Reya ADARUSDPERP	+0.0289%	1h	0.2428	+0.057%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0427%	1h	0.2428	+0.054%	$6.1M	$10.9M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0436% / S −0.0207%	1h	0.2428	+0.058%	$95K	—	100x	as long as short